Hello thread, hello Mr. Tong,
I have been lurking on this thread over the weekend, part of my DD prior to buying in at this level. Watched dtong with interest because imho - he's full of it. Consider:
1) Mr. Tong sez that he (she?) is an accountant. What does that mean? A staff accountant, maybe? Man, anyone with a computer can be a stock analyst nowadays. I am a CPA, and if dtong has ever worked for a public company then he will know the process that is gone through prior to releasing any numbers to the st. Attorneys and accountants, internal management, board members all kick the numbers around prior to release. Any company that is approaching exhaustion of its NOL carryforwards will become very tax driven and focus on that issue.
2) By definition EPS is an AFTER-tax number. (Mr. Tong, I suggest that you check your SEC handbook - that is, if you have one.)
3) dtong is much too defensive to trust. He admits that he's lost a lot of money, then why should anyone listen to him now?
4) If he's posting his "warnings" on other boards, then he must be investing quite a bit of time doing this...and why so often? I can't understand why someone who has other longs spend so much time posting messages on a stock they have no position in.
This is not a flame against Mr. Tong...well, ok, it is. |
